21 sats \ 1 reply \ @jp305 OP 9 Aug \ parent \ on: Is it safe to buy used miners? bitcoin_Mining
I just wonder why these ASIC miners are not discounted MUCH MORE than that. It makes no sense economically to risk on a mining operation if you are bullish on bitcoin for next 5 years. Just buy the sats.
The mining rigs are being sold by fiat business cashflow mindset, which isn't how bitcoiners think. Mining sounds a lot like a crypto scam.
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21 sats \ 0 replies \ @Bell_curve 10 Aug
I think a bear market is when you try mining. Like 2022.
Bit axe is a cheaper way to mine for curiosity and learning
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